Bangladesh (BGD) and Belarus (BLR) Trade | The Observatory of Economic Complexity

About

Bangladesh-Belarus Trade: In 2021, Bangladesh exported $23.6M to Belarus. The main products that Bangladesh exported to Belarus were N/A. Over the past 5 years the exports of Bangladesh to Belarus have increased at an annualized rate of 5.68%, from $17.9M in 2016 to $23.6M in 2021.

In 2021, Bangladesh did not export any services to Belarus.

Belarus-Bangladesh Trade: In 2021, Belarus exported $23.7M to Bangladesh. The main products that Belarus exported to Bangladesh were N/A. Over the past 5 years the exports of Belarus to Bangladesh have decreased at an annualized rate of 12.5%, from $135M in 2016 to $23.7M in 2021.

In 2014, Belarus exported services to Bangladesh worth $5.01k, with Government services, n.i.e. ($5k) and Insurance services ($9) being the largest in terms of value.

Comparison: In 2022, Bangladesh ranked 101 in the Economic Complexity Index (ECI -0.82), and 52 in total exports ($64.2B). That same year, Belarus ranked 32 in the Economic Complexity Index (ECI 0.82), and 100 in total exports ($10.4B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Bangladesh exported $23.6M to Belarus. There were not main exports from Bangladesh to Belarus in 2021. During the last 5 years the exports of Bangladesh to Belarus have increased at an annualized rate of 5.68%, from $17.9M in 2016 to $23.6M in 2021.

In 2016, Belarus exported $23.7M to Bangladesh. There were not main exports from Belarus to Bangladesh in 2016. During the last 5 years the exports of Belarus to Bangladesh have decreased at an annualized rate of 12.5%, from $135M in 2021 to $23.7M in 2016.

Exports from Bangladesh () to Belarus () (2021)

Exports from Belarus () to Bangladesh () (2021)

Latest Data

Trade between Bangladesh () and Belarus ()

Belarus Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$11.7B

Belarus
Top DestinationChina$1.6B

This map shows whether countries import more from Bangladesh or Belarus. Each country is colored based on the difference in imports they receive from Bangladesh and Belarus or the difference in the growth in imports.

In 2022, countries that imported more from Bangladesh than Belarus included United States ($11.7B), Germany ($10.2B), and United Kingdom ($4.86B).

In 2022, countries that imported more from Belarus than Bangladesh included Ukraine ($1.29B), Kazakhstan ($827M), and Lithuania ($778M).

Difference in imports from Belarus () and Bangladesh () (2022)

Comparative Advantage Bangladesh - Belarus

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Bangladesh and Belarus by product, considering products traded by both, Bangladesh and Belarus.

During 2021, Bangladesh had a large net trade with Belarus in the exports of .

During 2016, Belarus had a large net trade with Bangladesh in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh Belarus+$3.53kNon-Knit Women's Suits

Top Product Potential Belarus Bangladesh+$4.69kPotassic Fertilizers

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Bangladesh and Belarus. This means that a dot/product with the flag of Bangladesh indicates it has a comparative advantage over Belarus. Similarly, a dot/product with the flag of Belarus indicates it has a comparative advantage over Bangladesh.

About

Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Belarus () (2021)

Exports from Belarus () to Bangladesh () (2021)

Latest Data

Trade between Bangladesh () and Belarus ()

Belarus Exports

Market Competitiveness

Difference in imports from Belarus () and Bangladesh () (2022)

Comparative Advantage Bangladesh - Belarus

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Bangladesh () and Belarus () (2021)

Keep Exploring